Posts by Plunkett Insurance Services

Cremation is chosen more often than burial in the United States, largely because it can cost less. But the price depends on what you include. Here is a clear breakdown. Types of cremation and typical costs Type What it includes Typical cost Direct cremation Cremation only, with no viewing or ceremony; ashes returned to family…

Your 60s and 70s are often the best window to buy burial insurance. You are likely to have more plan choices than later in life, and premiums are still lower than they will be in a few years. Here is how it works. Why age 60 to 79 matters Final expense coverage is priced by…

Burial insurance, also called final expense insurance, is a small whole life policy meant to cover funeral costs. The question most people ask first is what it costs per month. The honest answer is that it depends on a few things you can see and control. What sets the price Your age. The older you…

A funeral can cost thousands of dollars and is due within days. If the money is not there, you still have options. Here are eight to look at first. 1. Check for a life insurance policy Look through papers, email, and bank statements for any life insurance or burial policy, including one through an employer.…

Most families have never priced a funeral until they have to, and they have to do it quickly and while grieving. Knowing the typical numbers ahead of time makes the decision easier and helps you plan how to pay for it. Average funeral costs The National Funeral Directors Association (NFDA) tracks funeral home prices. Its…

Turning 80 does not mean you are out of options for final expense coverage. It does mean the choices get narrower, the premiums get higher, and the details matter more. Here is how burial insurance works for seniors over 80, in plain English. Can you still get burial insurance after 80? In many cases, yes.…

Yes, you can buy burial insurance for a parent. Your parent has to agree and sign the application, and you generally need an insurable interest, which means their death would cause you a financial loss, such as paying for their funeral. You can own the policy and pay the premiums yourself, or your parent can…

Usually, no. The IRS does not allow funeral expenses to be deducted on the final income tax return of the person who passed away, and families generally cannot deduct what they pay on their own return either. The one exception is for very large estates, where funeral costs can be deducted when figuring federal estate…

Burial insurance is a small whole life policy meant to pay for final expenses. Traditional life insurance is a broader category with larger coverage amounts, usually meant to replace income or cover debts. If your goal is to leave your family enough to cover a funeral, burial insurance is usually the simpler fit. If other…

Yes, burial insurance with no waiting period exists, but you usually have to qualify on a short set of health questions. Policies that accept everyone, called guaranteed issue, almost always make your family wait two years for the full benefit. Which type you can get depends on your health, and an independent agent can check…